sp'60min
VIX'daily2
Summary
*I am looking for a closing green candle on the VIX 'rainbow' chart.
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So... what now? Its the typical morning turn time of 11am... bulls will be vulnerable for the next 3 hours or so. A foray into the sp'1930s looks a given by 1pm... but the real issue is whether we see a secondary wave higher to >1955... or instead.. close moderately lower.
A red close would be particularly bearish.. considering the broader price structure...
The bull maniacs need a close >1958 for a net weekly gain... that doesn't look as easy as it did in pre-market.
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Update from Oscar
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stay tuned